Harbour Capital Advisors LLC Boosts Stake in FTAI Aviation Ltd. (NYSE:FTAI)

Harbour Capital Advisors LLC grew its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 13.2% during the fourth quarter, HoldingsChannel reports. The fund owned 7,690 shares of the financial services provider’s stock after acquiring an additional 895 shares during the quarter. Harbour Capital Advisors LLC’s holdings in FTAI Aviation were worth $1,164,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FTAI. Brown Brothers Harriman & Co. purchased a new position in shares of FTAI Aviation in the 3rd quarter valued at about $26,000. Anchor Investment Management LLC purchased a new stake in shares of FTAI Aviation in the third quarter valued at approximately $31,000. Farther Finance Advisors LLC raised its stake in shares of FTAI Aviation by 118.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after buying an additional 189 shares during the period. Raymond James Trust N.A. purchased a new position in shares of FTAI Aviation during the 3rd quarter valued at approximately $200,000. Finally, Everence Capital Management Inc. acquired a new stake in FTAI Aviation in the 4th quarter valued at $203,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Price Performance

Shares of FTAI stock traded down $10.37 during trading hours on Monday, hitting $163.65. The stock had a trading volume of 2,505,215 shares, compared to its average volume of 1,910,591. The stock’s 50 day moving average is $151.83 and its 200 day moving average is $131.63. The firm has a market capitalization of $16.78 billion, a PE ratio of -1,636.34 and a beta of 2.09. FTAI Aviation Ltd. has a twelve month low of $47.21 and a twelve month high of $181.64.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The business had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The company’s revenue for the quarter was up 60.0% compared to the same quarter last year. As a group, equities analysts predict that FTAI Aviation Ltd. will post 2.21 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 0.73%. FTAI Aviation’s payout ratio is -1,200.00%.

Wall Street Analysts Forecast Growth

FTAI has been the subject of a number of research analyst reports. Barclays increased their target price on FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. BTIG Research increased their price objective on FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Morgan Stanley reaffirmed an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. Benchmark raised their price target on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus boosted their price target on shares of FTAI Aviation from $156.00 to $167.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus target price of $177.33.

FTAI Aviation Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.